Aggressively Pay Down Your Chattanooga Mortgage

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

Should I pay down my mortgage? This is a question we get often, and I’m all about this idea. However, I think you should approach it strategically. There are some things to keep in mind before you go ahead and make this decision.

• Pay off your credit cards first. Take care of credit cards with high interest rates. Conquer debt. Handle it.

• Build an emergency fund. Set aside money just in case something happens. Stock up for an emergency fund.

• Build a retirement fund. If you’re like me, you’ve been doing the same thing for a long time and might not think retirement will ever get here. It does, though. Plan ahead and get ready for retirement.

• Build a college fund. You need to prepare for your children with money set aside. This will come in handy when the time comes. After all, the cost of a college education continues to skyrocket.

• Obtain long-term healthcare insurance. Based on your family’s individual circumstances, this might be something you want to contribute to.

If you’ve done all of these things already, it’s an excellent idea to aggressively pay down your mortgage! There are a couple ways you can do this, such as adding money to your principal each month. You can start approaching this from the day you close by writing an additional check for the principal each month. At this rate, you’ll be able to pay off a thirty-year loan in about seventeen or eighteen years. We’ll be glad to walk you through this process.

If you’re interested in buying or selling a home, give us a call or email today. We’re happy to discuss them with you!

What Do Recent Chattanooga and North Georgia Market Conditions Mean for You?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

Today, we’ll discuss the state of the market during the third quarter in the Chattanooga and North Georgia area. The market continues to thrive in 2015. In the third quarter, the average time a listing is on the market is significantly shorter compared to last year. For example, last year’s average was nine months. This year’s average is six months. In short, houses are selling much more quickly.

The average listing price this year is $221,000. A year ago, it was $206,000. That’s nearly a $20,000 jump.

If you look at average sales, last year’s average was $167,600. Today, the average selling price is $183,000. That’s almost $12,000 more. This is great news for sellers - especially if you've been waiting for your chance to get top dollar for your home.

I appreciate you tuning in today! If you have any real estate questions, please give me a call at (423) 593-5588 or send me an email at cmabry1112@gmail.com. Thanks for watching.

What is your home Worth?

Are you considering selling your home? The very thought can be overwhelming. How much would it sell for? What would your list price be? Can I make money off the sale, or have to bring cash to closing? A swirl of concerns and questions can leave you in a tizzy of frustration, that could lead to you doing exactly what you don't want to do. Stay put.

Well, let's see if we can't work past that first initial, though sometimes debilitating step. Whether you're listing your home with a Realtor or selling your home on your own, it's nice to know where to start, and that starting place for you, just might be a number, your home's value according to the current market.

The Charlotte Mabry Team is pleased to introduce a new tool on our website. This handy website will direct you to all you need to know to start your home selling process.Click here to get started.

Once you have your free home evaluation under your belt, you'll have a snap shot of your homes value in the current market, based on current listings and sales in your area.

Needing more information? Call the professionals. We do this everyday, and would be happy to help you with your home sale.